In This Issue
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- I share my thoughts on the market, Anchor, Skale, Crypto Chicks NFT’s and a new Open Sea phishing attack
- Rekt Capital has the latest technical analysis for you on the market.
- Sam has a report for you on new NFT projects
- Defi Dad has a tutorial for you on how to earn 21% APR staking USDH with hubble on Solana
- Jesse has a ton of hot new airdrops for you.
- Hot new token sales.
- Rebecca has all of the latest news for you.
A quick reminder that all research and market analysis is provided for educational and informational purposes, and should not be considered as financial advice. You are ultimately responsible for your investments and trades, and they should only ever be entered by those who understand the risks, are willing to lose their entire investment, and properly understand how to manage their risk.Also, every issue will contain more information, tips, hints, and analysis than you can make use of. It is up to you to decide what information shared here has value to you or not.
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What’s On My Mind by Lark
Market Getting Hammered
Yeah… more fun times happening in the market. The sentiment right now is some of the worst I have seen in a long time. Stocks, particularly tech stocks have been hammered hard with many tech stocks down 50 to 80%. And they say crypto is too volatile! Speaking of which, most crypto coins have been smashed hard. In case you didn’t notice. Trading volume is down massively, 75% from the highs of November. Fed fears and war fears seem to be the primary fears spooking the market. With a healthy dose of inflation fear, rising oil price fear, and even recession fear. Fear is the name of the game now. Let us hope all of this de-escalates quickly. And as mentioned many times before, interest rate hikes will likely be bullish for the markets. The markets are messy right now. No doubt about that. It is much harder to make money in these conditions. But the markets will recover. They always do. The uncomfortable truth is that now is the time to be adding to positions. Within reason of course. Dollar cost averaging what you can afford is how winning will be done now. But remember that you must focus on survival in your portfolio. Maintaining adequate cash reserves to ride out market irrationality is key. Cash is trash, but it might just be king during a time of such uncertainty. Does that mean I have sold all of my crypto for cash? No. I am holding and accumulating, just not going all in.
Anchor Lives To Fight Another Day
Anchor has proven to be a very popular app for earning yield on stablecoins with their 19.5% rate. However the rewards fund nearly ran out recently. Which caused a lot of concern as people worried about a bank run on UST, the stablecoin used to earn interest. Thankfully Terra founder Do Kwon stepped in with a cool half billion to top up the rewards for Anchor. Which basically kicks the can down the road a few months. Will Anchor be able to find new ways to keep the rate high without massive cash injections? Time will tell. But perhaps simply lowering the rate would be the most sensible thing? Yet, that was not the chosen path. I will keep you updated as the situation develops, but Anchor is the premiere app…
Hi! My name is Lark Davis!
I’m a cryptocurrency investor with years of experience and I’ve been making consistent profits in the crypto space.
I’m passionate about helping others do the same, so I run multiple educational channels on crypto investing.
